Kontoor Brands to Acquire Helly Hansen for $900 Million
The addition of Helly Hansen, which was acquired from Canadian Tire Corp., is expected to accelerate sales, earnings and cash flow for Kontoor, the owner of the Wrangler and Lee brands, while furthering its reach in the outdoor and workwear market.
Canadian Tire agrees to sell Helly Hansen for nearly $1.3 billion
Canadian Tire Corp. Ltd. has reached an agreement to sell Helly Hansen to US-based Kontoor Brands in a deal valued at nearly $1.3bn, according to BNN Bloomberg. The company stated that this decision allows it to concentrate on its Canadian retail operations while delivering value to shareholders.
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Kontoor Brands will acquire outdoor and workwear brand Helly Hansen from Canadian Tire Corporation, according to a press release Wednesday. The deal is expected to close in the second quarter of 2025.
The Greensboro, N.C.-based parent company of Wrangler and Lee has made a deal to acquire Helly Hansen, the Norwegian sports ...
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